Count On The Post

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When it comes to creative narrative, you have to look pretty hard to beat the plaintiff's bar. Take, for instance, the federal lawsuit jabbing Citi management with the accusation that their repackaging and remarketing of CDOs amounted to a Ponzi scheme, propping up CIti shares until insiders could exit. Chuck Prince and Robert Rubin are at the center of the mess, and, whatever you think of the claims, the timing could probably be better for Robert Rubin.
Still, who are we to turn our nose up at a well written complaint or the New York Post article that brings it to us in Technicolor?

'PONZI SCHEME' AT CITI
[The New York Post]

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